Resistance for Bank Nifty at 23600: TVS Motor bullish play: Prakash Gaba

Prakash Gaba of prakashgaba.com

Key levels to watch out today

Nifty (9595)

Support: 9550

Resistance: 9634-9660

Bank Nifty (23362)

Support: 23250

Resistance: 23600

Stocks

Bullish Plays

Dalmia Bharat: Breakout

Target: Rs 2625

Stop loss: Rs 2368

Godrej Consumer: Momentum Pull

Target: Rs 1900

Stop loss: Rs 1800

Indiabulls Housing:Breakout

Target: Rs 1115

Stop loss: Rs 1067

TVS Motor: Breakout

Target: Rs 550

Stop loss: Rs 535

"Karnataka Bank is looking good to me. The target on the upside is around Rs 173 and stop loss is below Rs 164."

"I like Mahanagar Gas. It's a stock that needs to be watched for a long-term timeframe. If we see a slow towards Rs 920 zone or so then that's perhaps a buying opportunity and if does bounce then it can go to around Rs 1,000."

"I like two stocks and both are similar. One is Dewan Housing Finance Corporation (DHFL). The stock looks good, Friday was a pause and up move continues today. It can climb to levels closer to around Rs 425 zones, keep stop loss below Rs 412."

"Second stock is Reliance Industries. The stock is certainly looking good. It looks like it is heading to levels closer to Rs 1370-1375 zones. Keep a stop loss below Rs 1335."

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd